The move aims to bring Maxex’s jumbo program more in line with conventionally underwritten loans.

Noncore products include conforming jumbos, investor loans, cash-out refis and mortgages for second homes. (Includes data table.)

Brokers took ground in nonconforming loan originations from retail and correspondent lenders during the first half of 2024. (Includes two data tables.)

As in previous years, several large lenders have announced increases to conforming loan limits ahead of the FHFA’s official release. However, this time there’s a risk that some lenders overshot where conforming loan limits will be set in 2025.

Originations of non-agency jumbo mortgages increased by nearly 60% on a sequential basis in the second quarter. (Includes data table.)

Angel Oak promotes a slate of employees; JPMorgan Chase working on a security backed solely by adjustable-rate mortgages.

Redwood Trust’s profits declined from the first to the second quarter, while loan locks and funding reached new highs.

Select Portfolio Servicing added more servicing volume from non-agency MBS than Shellpoint Mortgage Servicing in the second quarter. (Includes data table.)

Jumbo MBS issuance is off to a strong start in the third quarter, with five deals marketing within the past two weeks.

More high net-worth consumers are shunning jumbo mortgages and purchasing luxury homes in all-cash deals.